Affordable Care Act and the Effect on the Economy Essay

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Affordable Care Act and the effect on the economy The Affordable Care Act, also called Obama Care, was signed into law by president Barrack Obama, on March 23, 2010 (Erickson, Scott 1). What exactly is the Affordable Care Act? It was a legislation that addressed the idea that all Americans should have access to affordable health care. The act was passed only after intense political battles in Congress, and as the legislation lingers through installment enhancements there is a great deal of doubt developing.

Many were faulted into believing that the health care reform would “create 4 million jobs and nearly 480,000 jobs immediately” (Democratic Policy & Communications Center). However, multiple economists have viewed these statistics as…show more content…

Therefore, many businesses will be forced to hire part-time or seasonal employees instead of fulltime.

According to many economists, this bill raises many questions as to why jobs will be eliminated along with reduced wages and hours. According to the Congressional Budget office, this law will reduce the amount of labor used in the economy by nearly half (The Budget). This is because many businesses would prefer to hire part time employees or seasonal in order to bypass benefiting the worker. If a company hires full time employers they will qualify for health benefits, which will result in higher expenses for the owner, cutting wages and forgoing new hires. An example of this expenditure lies within the fast food giant stating, “The mandate eat up roughly 55 percent of its yearly net income after 2014”(Eaton, Sabrina). As a result of the Congressional Budget Law, White Castle will struggle to keep their business established.

Critics analyze the Affordable Care Mandate gives businesses an incentive to cut hours and wages. A report released questioning business owners about the mandate. David Bridal, a business owner ordered his 2500 full-time employees to be converted to unemployed working under 25 hours a week. He insists the mandate will tax his business more than before.
On the other hand, large businesses have human resources

Affordable Care Act and the effect on the economy
The Affordable Care Act, also called Obama Care, was signed into law by president Barrack Obama, on March 23, 2010 (Erickson, Scott 1). What exactly is the Affordable Care Act? It was a legislation that addressed the idea that all Americans should have access to affordable health care. The act was passed only after intense political battles in Congress, and as the legislation lingers through installment enhancements there is a great deal of doubt…

The Affordable Care Act (ACA)
Robin Shilstone
CF ID Number: 504249
President Barack Obama signed the Affordable Care Act, into law on March 23rd 2010. Congress had tried for decades to pass health care reform, beginning with President Franklin Roosevelt. Finally, President Obama pushed this Act into law with the Democrat control, and gave the federal government 16% of the United States economy. The law states that every American citizen is mandated to purchase health insurance…

The Affordable Care Act or “Obamacare” (a term coined by a group of Republicans to disenfranchise the bill). The Affordable Care Act has been heavily debated. Sometimes called “unconstitutional” and “socialism”, the healthcare reform policies have been through many divisions of government numerous times. Despite attempts from opposing political parties, the act has prevailed and already begun to make major differences in the healthcare system most of Americans see as infected. The Affordable Care…

The Obama care Affordable Care Act has advantages, but the disadvantages in the favor of both the insurers and the insured play a major part in if the Affordable Care Act is for the best interest of everyone. In America, the average citizen has plenty to gain than to lose with the new insurance plans. The people on the higher spectrum ;however, will notice more negative effects of the Affordable Care Act as well as the larger businesses that will notice the financial downfall of the new insurance…

Re: Effects of Affordable Care Act on Behavioral Health in the United States
Criterion #1 Description of Problem
The original purpose of the Affordable Care Act (ACA) was to address the rising amount of healthcare cost in the United States, and substantially increase the amount of Americans insured with access to affordable healthcare. The ACA allows for the expansion of Medicaid; the government health insurance program, which is designed to increase enrollees for low income families in Medicaid…

After the inception of ACA that is Affordable Care Act on March 23, 2010 various policies and regulations has been proposed which has more controversy (www.healthcapital.com, 2013). Affordable health act has impact on the stakeholders in different manner. The main concern in the medical field is the input cost which is increasing continuously. This is the biggest challenge for the US government as the increasing cost makes it impossible for the government to allocate appropriate resources in managing…

To what extent should the Affordable Care Act “Obama Care”, be the responsibility of the Federal government, and not the burden of the state under the guidelines of Federalism?
In the past years down to 2008 we the people have heard conflicting arguments about the Affordable Care Act, also known as “Obama Care”. Obama Care is a health insurance plan ran by the federal government. A health insurance plan in which everyone in the United States is eligible to have weather you are rich, middle class…

The Affordable Care Act
Introduction
The Affordable Care Act (Patient Protection and Affordable Care Act), commonly called "Obamacare," is a federal statute that was signed into law in March of 2010 (PDF, n.d.; Van de Water, 2011). It basically requires the vast majority of people in the United States who do not have insurance coverage to acquire that coverage or face penalties. People who already have insurance through their employers or on their own will not be asked to change companies. Additionally…

The Paradox
in the
Affordable Care Act
Submitted By:
Vodney Wynn
vewynn@aol.com
October 12, 2014
PA582_CourseProject
Table of Contents
Introduction…………………………………………………………………………………………………………………3
The History of Healthcare Reform……………………………………………………………………………..…4
The Problem with the ACA……………………………………………………………………………………………6
The Current Policy………………………………………………………………………………………………………..8
Policy Alternatives………………………………………………………………………………………………………10
Evaluation Criteria………………………………………………………………………………………………………10…

national health care in the United States, one inevitably must discern the projected impact of the Affordable Care Act. This act was signed into being by the current president in 2010, and triumphed in a Supreme Court Decision in 2012 in which its legality was upheld as constitutional (No author). The chief aims of this particular piece of legislation are to increase accessibility to health care for Americans, primarily by lowering costs associated with it. It will fully take effect in 2014, by which…